News stories about Reverse mortgages

Sep 28, 2018 14:05 ETHUD tightens reverse-mortgage program againThe Federal Housing Administration (FHA) announced
that it is further tightening the reverse-mortgage program to protect the
insurance fund from losses.
Starting Oct. 1, FHA will requir...

Aug 30, 2018 17:10 ETReverse mortgages are gaining acceptance slowlySeniors are living longer and need to stretch their
retirement savings and portfolios for many decades. A body of research suggests
that a reverse mortgages can help do that. Yet, despite an aging p...

Oct 6, 2017 13:30 ETNew rules won't slow reverse mortgage momentumIn
August, the U.S. Department of Housing and Urban Development (HUD) announced
new rules, effective this past week, that lowered the borrowing limits and restructured
the cost of insurance for rev...

Jul 11, 2017 9:10 ETHome equity approaches record levelThere is some good news for originators involved in the cash-out refinance and reverse mortgage businesses. Home equity levels approached $5 trillion to end the first quarter and should reach a record...

Mar 31, 2017 17:50 ETReverse-mortgage industry burnishes imageWith home equity levels rising and more people reaching
retirement age, reverse mortgage numbers should be booming. But they aren’t.
The program, which is designed for people ages 62 year...